This approach mirrors what owners of comparable projects have done in the past. DHZ-014 Drill CoreGreat Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release it plans to create and spin out to shareholders a 2% net smelter return (NSR) royalty on any potential future mineral production at its Dixie property in Ontario's Red Lake District.The company will first put the NSR royal...Read More
Umicore and Samsung SDI have agreed a multi-year deal whereby the former will supply the South Korean battery-manufacturer with almost 80,000 tonnes of nickel-cobalt-manganese [NCM] cathode materials, starting in 2020. The deal will feed Samsung SDI's lithium-ion battery production in Europe and Asia, itself feeding into automotive applications. "The sizeable volume commitment included in the agre...Read More
Trade wars, geopolitical tensions and slowing economic indicators. Both the ECB and the Fed have recently cut interest rates to stimulate slowing growth, hoping to escape possible recession. Will they succeed? After all, they don’t have the most reliable record when it comes to preventing busts. Let’s get into the central flaw of central banking and what it implies for gold. Both the E...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals whose interplay will be critical to deciding the coming macro for 2020 and the run up to the next US election. Thus, they are the 3 Metallic Amigos, riding together but providing different signals at different times (this being nftrh.com, you...Read More
David HaggithIt's no longer just me using terms like "Armageddon, crisis, devastating, chaos, Great Depression;" it's leaders of the world's most august and conservative central banks!The big banking squeeze that began in September never went away. In fact, repo auctions last week looked worse than ever, in spite of the Fed's launching of QE4ever. With a new $60 billion a month in permanent re-...Read More
By: Ira EpsteinGold's pullback on the long-term chart is normal, gold market is running higher on the monthly..Read More
Hong Kong and the NBAChina's Vision of VictoryClashing ValuesHouston, Philadelphia, and DallasAnd once you see it, you cannot unsee it.I'm not alone. Here is what we are observing at macro scale:That it has been common knowledge something we all knew that we all knew since the Nixon years that by simply exporting capitalism and free enterprise, we would unshackle the forces of freedom in China....Read More
Prices in the major global billet markets continued to show positive dynamics in the week ended Friday October 25, after CIS producers increased offers by $5-10 per tonne week on week due to reduced availability of the material.Among other supportive factors were increased demand from Turkish customers as well as higher scrap offers from the United States."Supplies in the CIS region fell...Read More
Umicore and Samsung SDI have agreed a multi-year deal whereby the former will supply the South Korean battery-manufacturer with almost 80,000 tonnes of nickel-cobalt-manganese [NCM] cathode materials, starting in 2020. The deal will feed Samsung SDI's lithium-ion battery production in Europe and Asia, itself feeding into automotive applications. "The sizeable volume commitment included in the agre...Read More
Prices in the major global billet markets continued to show positive dynamics in the week ended Friday October 25, after CIS producers increased offers by $5-10 per tonne week on week due to reduced availability of the material.Among other supportive factors were increased demand from Turkish customers as well as higher scrap offers from the United States."Supplies in the CIS region fell...Read More
The premium for aluminium billet in the United States fell to a record low on Friday October 25 due to to continued sluggish demand, while premiums in Europe and Brazil remained under pressure. US premium at record low European traders holding onto $300 per tonne level Low spot demand in Brazil Thailand premium fallsUS billet premium drops to all-time lowFastmarkets' aluminium 6063 extrusion bill...Read More
Fastmarkets proposes to increase the frequency of the normalization price data for its seaborne manganese ore indices to monthly from quarterly.Currently, Fastmarkets updates the normalization of its manganese ore price data - for manganese ore 37% Mn, fob Port Elizabeth, $/dmtu; manganese ore 37% Mn, cif Tianjin, $/dmtu and manganese ore 44% Mn, cif Tianjin, $/dmtu - on a quar...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 25 that are worth another look.The London Metal Exchange has set out its requirements for responsible sourcing, outlining three routes to compliance, it said on Friday October 25. The requirements will be underpinned by the Organization for Economic Cooperation and Development's due diligence guidance.A group of metals an...Read More
RAPAPORT... US consumers are planning to spend 4% more this holidayseason, as shoppers between the ages of 18 and 34 expand their circle of giftrecipients, according to the National Retail Federation (NRF). "Younger consumers are helping drive the spending increasethis year," Phil Rist, executive vice president of strategy at ProsperInsights, which ran a survey with the NRF, saidlast we...Read More
RAPAPORT... Alrosa has unearthed a rough stone weighing 232.4 caratsat the Udachnaya pipe, its largest in more than three years. "Such large, gem-quality crystals are extremely rare,"Evgeny Agureev, deputy CEO of Alrosa, said last week. "Of course, they arepresent at Alrosa's deposits, but we have not seen them since 2016, when twodiamonds weighing over 200 carats were mined." The octahedron...Read More
RAPAPORT... LVMH Mo?<
RAPAPORT... Kering, the owner of high-fashion houses Gucci and YvesSaint Laurent, reported robust sales in its jewelry and watch divisions in thethird quarter amid growth in China and the introduction of new collections. "Jewelry delivered solid growth, with a very good quarter atBoucheron and strong performances from Pomellato and DoDo, while Qeelin pursuedits successful expansion in mainlan...Read More
(IDEX Online) - Reports are rife that LVMH has approached Tiffany & Co about a possible takeover of the U.S. jeweler.According to Reuters, LVMH, which is the world's largest luxury group by sales, submitted a preliminary, non-binding offer to Tiffany earlier this month. Tiffany has reportedly not yet responded to the offer.The merger would give the French company a way to expand into the...Read More
(IDEX Online) - Sales of fine jewelry and fine watches increased by 2 percent in the U.S. market in August compared to the same month a year ago, as the graph below illustrates. This is the second successive month that sales have increased since the start of the year. While the increases are small, they are sure to come as something of a relief for retailers as they head into the holiday season.&n...Read More